Owens Corning Adds Michael J. DeVito to Board; Expands Board to 10

What Happened Owens Corning filed an 8-K on September 16, 2026 announcing that its Board expanded from nine to ten directors and elected Michael J. DeVito as a director effective that date. The Board has determined Mr. DeVito is independent. He will join the Audit Committee and the Finance and Technology Committee. Mr. DeVito served as CEO and Executive Director of Freddie Mac from 2021 to 2024, spent 24 years at Wells Fargo (most recently as Executive VP and Head of Home Lending), and currently serves on the board of NVR, Inc.

Key Details

• Effective date: September 16, 2026.
• Board size changed from 9 to 10 directors.
• Mr. DeVito joins the Audit Committee and the Finance and Technology Committee.
• Independence, compensation, and conflicts: Board found him independent; he will receive the company’s standard non-employee director compensation; no related person transactions or familial relationships were reported.

Why It Matters This is a governance update—adding an experienced financial and housing-market executive to oversight roles that review financial reporting and technology/finance strategy. For investors, the change signals a reinforcement of audit and finance oversight at the board level; there are no disclosed related-party conflicts and his appointment follows the company’s standard director compensation practices. The filing does not report operational or financial impacts.